Weighted average cost of capital). Crypton Electronics has a capital structure consisting of 36 percent common stock and 64 percent debt. A debt issue of $1,000 par value, 5.7 percent bonds that mature in 15 years and pay annual interest will sell for $973. Common stock of the firm is currently selling for $30.41 per share and the firm expects to pay a $2.23 dividend next year. Dividends have grown at the rate of 5.4 percent per year and are expected to continue to do so for the foreseeable future. What is Crypton's cost of capital where the firm's tax rate is 30 percent?

a. The after-tax cost of debt is______ %. (Round to two decimal places.

(Weighted average cost of capital) The target capital structure for QM Industries is 37 percent common stock, 11 percent preferred stock, and 52 percent debt. If the cost of common equity for the firm is 17.9 percent, the cost of preferred stock is 10.7 percent, the before-tax cost of debt is 8.4 percent, and the firm's tax rate is 35 percent, what is QM's weighted average cost of capital?

QM's weighted average cost of capital is ____ _%. (Round to three decimal places)